Markit to acquire enterprise data management specialist Cadis

Markit, a leading, global financial information services company, announced on Wednesday, 9th May 2012 that it has agreed to acquire Cadis, the global enterprise data management specialist.

Cadis’ enterprise data management (EDM) platform consolidates data from multiple sources within a centralised hub, providing users with reliable, transparent and auditable data.  The best in class platform addresses a multitude of data management needs including front-to-back office integration and data frameworks for trading, pricing, risk and compliance management.

Daniel Simpson, CEO of Cadis, said: "Data is increasingly at the heart of financial institutions.  Our EDM platform ensures our clients have the data they require to drive sound decision making.  By combining our expertise with Markit’s distribution and customer network, we will be able to help more firms meet increased regulatory pressures and risk management demands.”

For further information please visit www.cadisedm.com or call +44 20 7033 8888.